Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sell…

The health care industry has added 300,000 jobs to the U.S. economy during the past 12 months. New jobs, new construction, new technology, more care. Should we be pleased? This Dr. Seuss-like animated…

Located at the intersection of current events, history, and economics, Econlife slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.